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Harmony Gold Mining Company Limited (HMY)

NYSE - NYSE Delayed Price. Currency in USD
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3.2600-0.0200 (-0.61%)
At close: 4:00PM EDT
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  • F
    Freedom
    Any other recommended stocks for Gold Mining? I think its time.
    Bullish
  • C
    Chimps
    Okay, so Powell says that sooner rather than later the Fed will Taper and so accordingly interest rates are likely to go up, which will hurt Gold...I get it, BUT the market is flying once again. Can somebody tell me how Gold will ever again be a viable investment. It has basically done nothing since 2011, and now in a high inflation environment, it is doing nothing. What the heck does it take for Gold to go up a few hundred points?
  • B
    Bert
    Bought at 3.45. Guess I should have waited a few days. Well, story of my life. :(
  • F
    Fencer
    High volume this morning at the open. 1 million shares traded in just the first 10 minutes of trading, and now 4.4 million as of 10:35 am. This could be the capitulation we have been waiting for. If we can finish flat or positive, it could be a sign we probably hit bottom. I can't see stock going much lower..take a look at the 10 year chart and stock was trading in much higher ranges, in the $13-15 range between 2002-2008 when gold was $300-900 and ounce. The company has never been in as financially sound a position as it is today, with almost no debt and a gold price of $1800.
  • R
    Ricky C
    @Fencer, remember you back from the ego board a while back. Thinking of adding this. General question, which could save me some time researching...how much in gold reserveres does hmy have total ownership after jv's and is there anything ego/certej going on with the reserves where the reserves at a particular mine will nevet be dug up but is counted towards reserves? Any significant copper at all? Thanks in advance.
  • C
    Chimps
    Keep in mind that HMY has reset after its earnings report. Pre-earnings, with gold flirting with 1800, HMY would be about 4.30 and if gold hit 1900, would be over 5 on its way to 6. So for whatever reason, hmy has been devalued by the market, likely due to rising production costs imho.
  • F
    Fencer
    Can anyone find another miner out there with virtually no debt (38Million USD), that produces over 1.5 million ounces of gold a year, and has a P/E of 5 or less, and an AISC of $1460 per ounce? 2021 revenues rose from 1.86 billion to 2.71 Billion. What more do you want from a company? We should be at $10 a share!
  • C
    Chimps
    Spent some time today on the HMY homepage and reading its financial statements, CEO presentation, etc. I used to be an accountant, but mining and the specific's related to accounting for reserves, depletion etc. is beyond me, so I am not going to try and will rely on somebody who has an expertise in the financial accounting for mining operations. I will just note, that production costs increased 37% in US dollars from 524 million to 933 million. That is pretty significant. There were various impairments at some of the mines, like a 70 million impairment at one in particular. Debts decreased from 895 million to 542 million, don't know what the interest expense on that debt was, but as I recall (didn't write it down), the carrying cost of retiring that debt saves about 15 million or so for the next year. If so, that indicates a carrying cost of about 4.2%. At any rate, probably what has hurt the company more than anything are significantly production costs. Obviously if gold continues going up, that will not be a problem, but the market may be anticipating that even if gold goes up temporarily, it may not stay up long term... and the market is forward looking, so that is probably why we are where we are. Given the financials and the large amount of debt, I would not be expecting a buyout anytime soon. Right now cash flow is strong, debt has been reduced, grade is up on some of the recently acquired minds, but there are too many pieces for me to know what is important in gold mining..whatever it is that the market is considering, it does not like what it sees. Still, if Gold can breach 2000, this stock should be back above 5 or more. Just my random thoughts.
  • D
    David
    $hmy underpacing gold yet again steal of a buy. Dividend 3.8%, earnings whopping 60¢/share, just paid off half its debt, only $38m USD debt left.17% undervalued, that is 17% lower than last time gold was at current price. $au $gold $nem $fnv
    Bullish
  • A
    Ace
    sGold up this wa down down 1% Gold down this is down 4 %

    Huge Manipulation for something big coming up and some one somehwere wants shares cheap. This week will be interesting. Any take ?
  • C
    Chimps
    Where does hmy rank in the AscI department? Best i can tell, it is about twice the cost per ounce of the average miner. Now over 1500 per ounce. That's obviously a huge tail wind here.
  • C
    Chimps
    Once again, my innocuous posts were deleted talking about hmy historical prices, that were informative imo. I have been searching for some good message boards out there and there are some that might cost a little but are far superior to Yahoo. Its a shame, Yahoo once had very good boards...i rank it as among the worst out there at this point and Yahoo will never get a dime from me for their financial information as a result.
  • n
    nmeshaal
    758% increase in net profit and the share price lost almost 20% in a month and almost 5% premarket?!!! A big question mark yet, we keep hoping for a fair share price
  • C
    Chimps
    With the market weakening, likely the FED will not be tapering soon, and with inflation, perhaps this will give Gold an excuse to run?
  • F
    Fencer
    People waiting for US August jobs report, due out this morning. A weaker than expected report will be good for gold.
  • F
    Fencer
    Short interest has finally decreased a bit in the past two weeks by 1,460,000 shares! Even the shorts are covering at these levels. Everyone knows things will turn around.
  • O
    On
    A short attack is underway here with this stock just as there is with a few other miners. What are they trying to prove?
  • A
    ALF Tanner
    This company is a typical value trap. It supposedly has a low P/E, but will investors ever seen any of that money? The dividend STINKS considering how much money they are supposedly making. This company needs to triple the dividend if they want to attract investors. Another problem is that the investor information is terrible. Yahoo does not show press releases, and there are not even any analyst estimates. Why does this company bother with a U.S. listing? It seems to make very little effort to inform U.S. investors.
  • w
    wintonsc
    PE below 5 placing my order now. Lol buy the dip or regret it for life.
  • F
    Fencer
    Options expiration might be playing a part in suppression of stock price..hard for them to keep HMY under $3.50. Lets see what happens later today...